StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Free Report) in a research note published on Thursday morning. The firm issued a strong-buy rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
LOAN traded up $0.04 during mid-day trading on Thursday, reaching $5.17. The stock had a trading volume of 11,687 shares, compared to its average volume of 19,711. Manhattan Bridge Capital has a 52 week low of $4.74 and a 52 week high of $6.05. The stock has a market capitalization of $59.14 million, a P/E ratio of 10.55 and a beta of 0.26. The firm's fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $5.50.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The business had revenue of $2.27 million for the quarter.
Manhattan Bridge Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be issued a $0.115 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.90%. Manhattan Bridge Capital's dividend payout ratio (DPR) is currently 97.87%.
Hedge Funds Weigh In On Manhattan Bridge Capital
Several institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in Manhattan Bridge Capital during the 4th quarter worth approximately $97,000. OLIO Financial Planning bought a new stake in Manhattan Bridge Capital during the 4th quarter worth approximately $117,000. NewEdge Advisors LLC increased its stake in Manhattan Bridge Capital by 28.4% during the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock worth $157,000 after purchasing an additional 6,215 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Manhattan Bridge Capital by 13.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider's stock worth $159,000 after purchasing an additional 3,324 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in Manhattan Bridge Capital during the 4th quarter worth approximately $169,000. Institutional investors own 21.84% of the company's stock.
Manhattan Bridge Capital Company Profile
(
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Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.
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